Consumer inflation rises faster than expected in October, CPI report shows

Key takeaways

• The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost &#x2013.
• The monthly figure was slightly higher than the estimates of economists polled by LSEG, who expected inflation to rise 0.3% from the prior month.